Mining Industry

The most exclusive news related to them most recent developments in the mining sector of Mozambique (Coal, Iron ore, copper, diamonds)

Mozambique: Regulator proposes revising Mining Law to allocate 10% of revenues to provinces and local communities

Posted on by Mozambique Resources Post
Mozambique: Regulator proposes revising Mining Law to allocate 10% of revenues to provinces and local communities

On Monday, July 28, Mozambique’s National Institute of Mines (INAMI) presented a proposal in Maputo to revise the country’s Mining Law. Among other measures, the proposal includes allocating 10% of revenues from mining activities to the development of the province, district, and communities where extraction takes place, according to the Mozambican Information Agency. The proposal was unveiled during a public consultation event, which concluded a series of sessions that began on July 14 in Inhambane…

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Africa Mining: US Deepens Position in Supply Market with $150M

Posted on by Mozambique Resources Post
Africa Mining: US Deepens Position in Supply Market with $150M

The United States is taking new steps to consolidate its position in Africa’s critical minerals landscape, with a focus on securing nickel, copper, cobalt, and lithium supplies. This strategy comes as Washington increasingly competes with China, the continent’s most entrenched player in the sector. On Thursday, July 17, NexMetals Mining, which owns the former Selebi and Selkirk nickel mines in Botswana, announced that it had received a non-binding letter of intent from the U.S. Export-Import…

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Africa Mining: Zimbabwe Mineral Exports Rose by 27% in the First Half of the Year

Posted on by Mozambique Resources Post
Africa Mining: Zimbabwe Mineral Exports Rose by 27% in the First Half of the Year

Zimbabwe’s mineral exports grew by 27% in the first half of this year compared to the same period in 2024, reaching approximately 2.4 million tonnes. The information was released by the Minerals Marketing Corporation of Zimbabwe (MMCZ), the entity responsible for the marketing of all minerals except gold and silver. This volume generated revenues of around USD 1.4 billion. Mining accounts for roughly 12% of the country’s Gross Domestic Product (GDP) and approximately 80% of…

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Africa Mining: CrossBoundary secures $60m loan for Kamoa copper mine solar-storage plant in DR Congo

Posted on by Mozambique Resources Post
Africa Mining: CrossBoundary secures $60m loan for Kamoa copper mine solar-storage plant in DR Congo

CrossBoundary Energy has secured a subordinated debt facility, which is expected to accelerate procurement for the solar-storage IPP serving the Kamoa copper mine in DR Congo. A PPA was signed in April for what is sub-Saharan Africa’s largest-ever renewable commercial and industrial power plant.

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Global Markets: EU adds 13 critical mineral projects outside the bloc to boost supply

Posted on by Mozambique Resources Post
Global Markets: EU adds 13 critical mineral projects outside the bloc to boost supply

The European Commission has added 13 strategic projects located outside the bloc to its list of priority initiatives under the Critical Raw Materials Act (CRMA), aiming to secure long-term supply of raw materials. The newly announced project list, spanning Africa, the Americas, Europe and overseas territories, complements the 47 strategic projects within the EU announced in March, bringing the total number of designated projects to 60. The newly designated projects are located in Canada, Greenland, the UK, Norway, Kazakhstan, Serbia, Ukraine, Brazil, Zambia, Madagascar, Malawi, South Africa and…

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Global Mining: Trump, Xi have crossed wires on rare earths, trade expert says

Posted on by Mozambique Resources Post
Global Mining: Trump, Xi have crossed wires on rare earths, trade expert says

The US and China appear to have different understandings of what was agreed on rare earths at last month’s trade talks in Geneva, according to an expert on critical minerals policy. China’s exports of the materials used in critical technology from fighter jets to smartphones have become a major flashpoint between the world’s top economies, with US officials alleging Beijing hasn’t honored a commitment to resume shipments. A supply shortfall has already affected some American companies. But…

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Mozambique: JSW Steel to buy 92.2% stake in local mining firm for $73.8mln

Posted on by Mozambique Resources Post
Mozambique: JSW Steel to buy 92.2% stake in local mining firm for $73.8mln

JSW Steel said that its board has approved acquisition of Mozambique-based mining company  Minas de Revuboe (MDR), as the steelmaker looks to benefit from MDR’s  high-quality coking coal, crucial for steel production. The company, through its subsidiary JSW Natural Resources Limited,  will acquire  92.19% equity stake and shareholders loans of MDR for $73.75 million.  The steelmaker said that the deal enables access to more than 800 metric tonnes of premium hard coking coal reserves in…

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Mozambican smelter must de-Eskom itself – mining executive

Posted on by Mozambique Resources Post
Mozambican smelter must de-Eskom itself – mining executive

Future expansion of the Mozal aluminium smelter at Beluluane in Mozambique hinges on procuring a new contract for the supply of electricity to the smelter, Graham Kerr of South 32 has said. In discussions with journalists following a meeting in Maputo with Prime Minister Adriano Maleiane, the CEO of the international mining and metals company holding the primary stake in the smelter, remarked that the existing contract governing Mozal’s electricity procurement was set to expire…

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WGC members vow to improve transparency on gold supply chain

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WGC members vow to improve transparency on gold supply chain

The World Gold Council (WGC) has announced that its members, which account for the majority of the world’s large-scale gold miners, have committed to taking steps towards providing enhanced transparency in the gold supply chain. All 33 WGC members with operating mines, which collectively produce about 1 300 t/y of gold, have committed to publishing the names and locations of their refining partners on at least a yearly basis, and to include all operations where the primary revenue comes from the production of gold.  They have also committed…

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First ever IEA Critical Minerals and Clean Energy Summit to take place on 28 September

Posted on by Mozambique Resources Post
First ever IEA Critical Minerals and Clean Energy Summit to take place on 28 September

The International Energy Agency will host the first ever international summit on critical minerals and their role in clean energy transitions on 28 September 2023 in Paris. The IEA Critical Minerals and Clean Energy Summit will take place at IEA headquarters in Paris and will focus on measures to promote the secure, sustainable and responsible supply of raw materials that have a central role the global clean energy transition. Please note the new information for media and press access further down…

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